It is a solution for people who want to keep their software proprietary because they think they can't make money out of it if it is open source. All the while they get to claim credit for it being "open source".
The problem is that this license completely obliterates the major points of OSS licenses - which are open collaboration and security. Nobody is going to contribute and fix bugs in old versions of the software which may not even work anymore (e.g. because some underlying protocol or infrastructure have changed already).
The problem is that this license completely obliterates the major points of OSS licenses - which are open collaboration and security. Nobody is going to contribute and fix bugs in old versions of the software which may not even work anymore (e.g. because some underlying protocol or infrastructure have changed already).